Dear Client(s):

The past two weeks have been challenging in ways that none of us expected. We know some of you are seeing your businesses suffer right now. Social distancing is the most effective way to stop the spread of COVID-19, but staying apart doesn’t mean we can’t count on each other.

Above all, your health and safety must be your top priority. We urge you to exercise caution, listen to your local health officials, and take the right steps to protect yourself. 

We’re making sure that we keep our clients business health our priority by keeping you informed of the most recent developments in small business relief during these trying times.

The Governor’s office announced on March 18, 2020, that the U.S. Small Business Administration (SBA) will offer low-interest federal disaster loans for working capital to Massachusetts small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). The disaster declaration makes SBA assistance available following a request from Governor Charlie Baker on March 17, 2020. The disaster declaration makes SBA assistance available in the entire state of Massachusetts, and the contiguous counties in neighbouring states.

Small businesses and private non-profit organizations of any size, that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred. Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship.

Applicants may apply online, receive additional disaster assistance information and download applications at Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email  for more information on SBA disaster assistance. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

This and other information regarding Covid-19 disaster relief for small businesses can be found by following this link

Our team at NEX Financial Group urges our clients to remain engaged with our office throughout the next several months as information is evolving daily. We will continue to keep you informed of details as they become available. This information is the most up to date information available as of 3/21/2020.

As always, we thank you for entrusting us with your business!

Senes Sanon, CPA, CEO

NEX Financial Group